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20130121
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and president obama doesn't want to recognize that that problem exists. >> when you say no one is talking about defaulting on the debt, does that also include letting the debt ceiling lapse? >> well, you know, larry, what we're once again up on the debt ceiling. we have been here before, a year and half ago we were having this debate again. i supported a plan cut cap and balance that would have focused on solving the problem. but clearly we haven't sold the problem and credit card is maxed out again and president obama wants to get that money from china and send the bill to the kids. so any deal to solve this latest crisis ought to include a solution to their actual problem that got us here. >> is john boehner's role still in place? one for one for every dollar of debt increase there should be a dollar of spending reduction? >> i think you need a start with that. then you've got to actually put real programs in place that solve this problem long term. because look, if we don't solve this problem coming up in the next few weeks, we're going to be back here in another few months because president
's just have this conversation without hurling political accusations, you know. i usually oppose mr. obama's economic policies. on this one he laid them out. let's have a talk about it. if we can come up with something better fine. anyway thank you ben, thank you la smp lars, thank you nan. >> the faa just announced grounding the 787 boeing dreamliner until further notice. how crushing is this for boeing. the big airlines themselves, phil lebeau has a live report for us in just a moment and later in the show the debt battle seems to be tearing conservatives apart. once between i say do not play chicken with the debt ceiling and risk a default. by free market coke brothers agree. a new team of conservatives seems to be ignoring that advice and i think they are wrong but we'll debate it and don't forget, folks, free market capitalism is still the best path to prosperity. this is still the greatest country in the world. let us figure out our problems and we'll continue to greatness. i'm kudlow. we'll be right back. officeyour business needs...k... at prices that keep you...out of the red. thi
with a payment plan to prioritize how to use what money the government has on hand. but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republic
Search Results 0 to 2 of about 3